Our website uses cookies to improve your user experience. If you continue browsing, we assume that you consent to our use of cookies. More information can be found in our Cookies Policy and Privacy Policy.

CGU launches new Personal Pension Plans

Type: Unit-linked individual and group personal pension plans available as a single contribution option or in two regular contribution versions: Optimiser – maximising maturity values or Lifestyler – maximising transfer and paid up values.

Allocation rates: Single – up to £4,999 – 98 per cent, £5,000 to £9,999 – 100 per cent, £10,000 to £14,999 – 101 per cent and £15,000 plus – 102 per cent. Allocation rate is reduced on a sliding scale of 5 per cent in year one reducing by 0.5 per cent a year until 0.5 per cent in year ten for single premiums with 10 years or less to retirement. Optimiser and Lifestyler – 95 per cent.

Commission: Single – 4 per cent plus uplift. Regular – range of commission structures available including, level up to 7 per cent plus uplift, or initial up to 25 per cent of Lautro plus uplift and renewal 2.5 per cent or fund based commission ranging from nil to 1 per cent.

Recommended

Furness Building SocietyFIXED RATE MORTGAGEFixed term: Until September 30, 2003.Fixed rate: 6.5 per cent.Minimum loan: £20,000.Maximum loan: Up to 80 per cent of valuation subject to a maximum of £250,000.Income multiples: Three times principal income plus second or 2.5 times joint.Arrangement fee: £295.Redemption fee: 5 per cent in first five years.Conditions: None, but free accident, […]

Office stationery supplier A1 Office Assistant has set-up an Enterprise Investment Scheme to raise £300,000 towards expanding its business.The company aims to provide a paperless ordering system for office stationery by offering a 24-hour online ordering facility through the internet. As this is the way forward, this should provide investors with the opportunity to jump […]

Newsletter

Latest from Money Marketing

The Competition and Markets Authority has criticised insurers over “stealth price rises” and costly exit fees for loyal customers. The watchdog looked into areas including cash savings, mortgages and home insurance after charity Citizens Advice raised a so-called “super complaint” over how longstanding customers are treated by financial services organisations. The CMA has recognised that […]

Banking lobbyists have warned that UK banks currently face higher tax rates than international counterparts, and that these could hasten banks’ departures if they remain after Brexit. Reuters reports that research commissioned by UK Finance and carried out by consultancy PwC shows London banks face an effective tax rate on profits of 50.6 percent, above […]

Barclays has been fined $15m (£11.9m) by US regulators after attempts were made to unmask a whistleblower by chief executive Jes Staley. In 2016, a Barclays employee sent two letters regarding concerns over the chief executive’s decision to hire a former colleague to work at the bank. The whistleblower posed questions both over the experience […]

19th December 20188:33 am

Comments

Leave a comment

Why register with Money Marketing ?

Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.